ADT Corp. (ADT) Q4 Revenues Beat

ADT Corp. (NYSE: ADT) reported Q4 EPS of ($0.12), which may not compare to the analyst estimate of $0.31. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.29 billion.

“ADT once again delivered strong financial and operating results during the fourth quarter. We maintained our record low revenue payback, while growing our RMR additions by double digits and increasing our net subscribers. This performance caps a year of delivering solid financial results while ensuring we continued to prioritize the well-being of our employees and customers,” stated Jim DeVries, ADT’s President and CEO. “During 2020, we took a number of steps to improve the long-term competitive positions of ADT and set the stage for accelerating our vision and disciplined growth strategy in 2021 and the future. We enjoyed strong momentum in our core residential business and are excited to welcome Dish Network and Ackerman Security. ADT’s market leading brand and long-term partnership with Google provide a compelling combination for future subscriber growth in the rapidly expanding smart home and security market. Finally, we continued to strengthen our commercial capabilities in 2020, during a challenging year, and are well positioned to return to growth in 2021.”

GUIDANCE:

ADT Corp. sees FY2021 revenue of $5.05-5.25 billion, versus the consensus of $5.32 billion.

For earnings history and earnings-related data on ADT Corp. (ADT) click here.

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